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MIL OSI Translation. Region: Russian Federation –

Source: State University of Management – Official website of the State University of Management.

Welcome to the students and staff of First Management. This week was an important week for our university. The first Academic Council in 2024 was held and there was a large-scale design and analytical session on the strategy for transforming the image of the university. Many experts were busy at the latter, and some celebrated their birthdays on vacation. Nevertheless, there are always experts at SUU to give comments to the media. This week they talked about the history of capital investment, supermarket manipulation, the wage race in Russia, record profits for Russian banks in 2023, and the high national debt and low oil reserves in the US. That’s not all, of course, look for topics of interest in the #GUUtalk digest.

– Evgeny Smirnov, Head of the Department of World Economy and International Economic Relations at SUU, spoke about the US games with the national debt. “So far, the excessively high level of debt does not cause tangible harm to the American economy, as investors are ready to credit the US government, and it has no need to increase taxes and cut budget expenditures. However, this situation may change in the future,” the economist warns. – Also Evgeny Smirnov told what hinders the growth of the global economy. “The Russian-Ukrainian conflict has been joined by a serious aggravation of the situation in the Red Sea, the Palestinian-Israeli conflict, the risks of negative development of the Chinese-Taiwanese scenario. Even taking into account the fact that many countries have managed to stabilize inflation, conditions in the world financial markets are not as comfortable as they were before the pandemic”, – states the expert. – In addition, Evgeny Smirnov assessed the US oil reserves. “From February 2022 to the end of 2023, oil reserves in SPR decreased from 579 to 352 million barrels. Thus, strategic oil reserves have been depleted to their lowest level since the 1980s,” the economist reports. – In addition, Evgeny Smirnov explains what the EU’s decision to use the revenues obtained from Russian assets will lead to: “The precedent will be that many developing countries may start to use the same practice and freeze the assets of developed countries if they are deemed to be making the wrong policy decisions.”

– Svetlana Sazanova, Deputy Head of the Department of Institutional Economics of the IEF of GUUU, predicts a 17-19% increase in prices for apartments in new buildings: “Only factors of a national / global scale can prevent this: for example, another pandemic. But even in this case real estate in Russia will remain the most reliable object of long-term investment”. – In addition, Svetlana Sazanova told who benefits from the transport corridor bypassing Russia. “The true purpose of the transportation corridor around Russia is to force them to sell Russian resources for next to nothing. Now they badly need it to stimulate economic growth,” the economist reports. – In addition, Svetlana Sazanova dived into the history of capital investment from ancient times to the present day. “A distinctive feature of the Russian investment model was the coordination of individual, collective and state interest”, – emphasized Tatyana Sazanova.- Svetlana Sazanova also discusses the situation with debts on housing and utilities in the country: “Automated acceptance-free calculation and application of subsidies would partially solve the problem of non-payments, but this is possible only if the tax authorities will automatically provide information about citizens whose income allows them to qualify for a subsidy”. – In addition, Svetlana Sazanova told about the program of long-term savings. One can join it by concluding an agreement with any non-state pension fund (NPF). “By concluding contracts with NPFs we help domestic enterprises, as Russian NPFs actively invest in their shares. It is such NPFs that showed the highest yield in 2023,” the expert reports.

– Valeria Ivanova, Associate Professor of the Department of “World Economy and International Economic Relations” of GUU, told about the problem with money payments between Russia and Turkey. Transactions have practically stopped since January 1, 2024. At the same time, the banking sector has not received any evidence that the Turkish side helped circumvent anti-Russian sanctions. “Alternative payment systems should be created when it will be possible to make transfers and purchases from mobile devices,” the expert believes.

– Konstantin Andrianov, associate professor of the Department of Institutional Economics of the State University of Management, expert of the State Duma and the Central Bank of the Russian Federation, academician of the Russian Academy of Natural Sciences, called the consequences of the introduction of the indefinite sale of foreign currency proceeds. “Even if the sale of foreign currency proceeds is made indefinite (in its current form), it will not be a sufficient measure to solve the issue of strengthening the ruble. It is necessary to extend this decree to all categories of Russian exporters. And if it is extended to all categories of Russian exporters, there will be real support for the ruble,” the economist believes. – Konstantin Andrianov also predicts a financial crisis in the U.S. due to the growth of government debt. “If the worst fears are realized and the U.S. does fall off the cliff, which the head of JPMorgan warns about, then official Washington will have to declare a default on debts. This will collapse the U.S. financial system and hit all countries of the world, albeit to different degrees,” the expert warns.

– Sima Musatova, associate professor of the Advertising and Public Relations Department of SUUU, reveals the secrets of customer manipulation in supermarkets. For example, the offer “two for the price of one” helps stores to get rid of goods that are stale in the warehouse. And for the “third as a gift” promotion, retailers raise the price of other goods, so that your savings are effectively zero.

– Ekaterina Kashtanova, Associate Professor of the HR Management Department at SUU, spoke about the salary race on the Russian labor market. Research shows that more than 70% of employers plan to raise wages in 2024. And 90% of companies have stated that they need to hire new employees this year. “This unprecedented figure shows that there is still a huge need for new staff, and therefore a salary race in the coming year is inevitable,” emphasizes Ekaterina Kashtanova.

– Artem Merenkov, Associate Professor of the Department of Transportation Complexes Management at GUU, commented on the oversupply of Chinese cars on the Russian market: “Despite the excess of cars, finding a car that would be affordable for an ordinary Russian is a challenge with an asterisk.”

– Irina Shchebrakova, associate professor of the Department of Sociology, Management Psychology and History at SUU, continues to parse Russian fairy tales from the point of view of psychology. “Burning the frog’s skin, in his opinion, will make the frog become Vasilisa. And this is where the secret meaning is hidden – you can’t take a person in pieces,” the expert deciphers the subtexts of the fairy tale “The Frog Princess”.

– Maxim Chirkov, Associate Professor of the Department of Economic Policy and Economic Measurements at the Institute of Economics and Finance of the State University of Economics and Finance, discusses Russia’s placement in the Top 5 European countries with the lowest unemployment: “Unemployment will not be eradicated completely, because people always change jobs at some point and find themselves in the ranks of the unemployed, i.e. there are no examples of zero unemployment in any country. – Maxim Chirkov also said that Russia does not interfere with grain supplies from Ukraine. “Russia does not want to aggravate the situation where it can hurt the least well-off countries that cannot afford to buy food in full. First of all, these are African states,” the expert said. – In addition, Maxim Chirkov assessed the consequences in case of a possible undermining of Hungary’s economy by the EU. The economist expressed the opinion that the pressure from the European Union may end up with Hungary’s strong distancing from the EU and even greater connection with the countries that represent an alternative to the Western point of view – with Russia, with China and other states. – In addition, Maxim Chirkov explained the record profit growth of Russian banks in 2023: “This profit is also due to the state support. The state supports both mortgagees and banks, compensating banks for losses due to the fact that they lend on preferential mortgages at non-market rates,” Maxim Chirkov said. – Maxim Chirkov also discusses the relations between Russia and Finland. In particular, the expert believes that in Finland the problem of food will be particularly acute, because this country is geographically closer to Russia, transportation hubs are closely connected with Moscow, and convenient logistics of the past years remains unclaimed due to political tension.

– Natalia Pushkaryova, Director of the Center for Sociological Research “14-35” of GUU, took part in an extensive discussion on the topic of libraries as an element of the ecosystem of youth policy. “It is obvious that we will have to make a professional choice: at what moment we are ready to adjust to the demand and thus attract the audience, and when we carry out an educational mission”, – the expert poses the question.

This is the information baggage with which we move from January into February, which this year will be longer than usual, but still shorter than other months. Let’s turn on the waiting mode for spring!

Subscribe to the tg-channel “Our GUU” Publication date: 2.02.2024

Please note; This information is raw content directly from the source of the information. It is accurate to what the source states and does not reflect the position of MIL-OSI or its customers.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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